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Unit-16 Contemporary World

This unit throws light on the changes that have occurred in the world specifically relating to the collapse of a super power, viz. USSR.

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How do ASEAN and SAARC compare to the European Union?

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Learning Pundits Content Team

Written on Apr 17, 2019 12:47:54 PM

Both ASEAK and SAARC are associations of Asian developing countries. While their objectives are today the same as that of the EU i.e., to accelerate economic growth and promote regional peace, they still have a long way to go.

While ASEAN was formed in 1967, SAARC is a latecomer. More so, because of the lack of economic complementarity, unequal levels of development, economic nationalism, over-regulated trade policies SAARC is riddled with problems mostly bilateral which has slowed the process of economic integration.